Keel Infrastructure Jumps 15% on TSX as AI Pivot Gains Traction

Keel Infrastructure Corp. (NASDAQ: KEEL, TSX: KEEL) hit the TSX top percentage gainers list Thursday, trading at $10.24, up $1.40 or 15.82% on volume above 5.1 million shares. The move comes as the company, formerly Bitfarms, pushes its strategic shift from Bitcoin mining into AI and high-performance computing infrastructure.

The company closed a $458 million offering of 1.250% convertible senior notes due 2032 on June 9, including the full exercise of a $58 million option granted to initial purchasers. Keel said existing liquidity is sufficient to develop its Panther Creek, Sharon, and Moses Lake sites through leasing, and that the note proceeds improve flexibility to make value-add investments across current developments.

Investors are betting on the new direction. The company's pivot is supported by fully funded data center builds, a multi-billion-dollar government contract package for rail and infrastructure projects, and steady permitting and construction progress at sites across North America.

Keel Infrastructure, Alpha Score 60/100, carries a Moderate label in the Financial Services sector. The stock page is at /stocks/keel.